The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Bloomberg: US asks banks to keep doing business with some Russian firms

by The Kyiv Independent news desk November 8, 2022 5:40 AM 1 min read
This audio is created with AI assistance

The U.S. Treasury and State Departments have quietly urged large banks, including JPMorgan and Citigroup, to keep doing business with some strategic Russian firms, Bloomberg reported, citing unnamed sources familiar with the matter.

According to Bloomberg, the effort signals the Biden administration is looking to strike a balance between hindering Russia's invasion of Ukraine and avoiding adverse impacts of sanctions designed to punish Russia for the war.

News Feed

11:29 PM

Trump extends US sanctions on Russian ships for another year.

"I am continuing for one year the national emergency with respect to the Russian Federation and the emergency authority relating to the regulation of the anchorage and movement of Russian-affiliated vessels to United States ports," a U.S. Federal Register document says.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.